Prosecutors lose challenge to time limit in criminal case against ME Bank

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Federal prosecutors pursuing a case against Members Equity have lost an appeal of a ruling that threw out half the charges against the direct bank as time barred, with an appeals court finding the ASIC Act imposes a hard deadline for bringing a criminal case of misleading or deceptive conduct.

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Abandoned soccer match between Scottish rivals spawns $3M suit

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Australian sports promoters TEG Live and Left Field Live have sued Scottish football team the Rangers for at least $3 million after the club allegedly backed out of a Sydney match with rival Celtic.

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Banksia judge faces possible recusal bid by companies linked to silk’s wife

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The judge whose ruling against the legal team behind the Banksia class action fraud helped redeem the battered reputation of the civil justice system may be asked to disqualify himself from the final fight in the drawn out case.

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Judge slashes Opal Tower funder’s cut of class action settlement

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A judge has approved a confidential settlement in a class action on behalf of 383 apartment owners in Sydney’s Opal Tower but slashed the amount sought by the funder.

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Law firm’s fees trimmed in Drakes employment class action

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A judge has cut at least $170,000 from the fees sought by a law firm running a class action on behalf of Drakes Supermarkets store managers who were allegedly underpaid — the same firm that saw its fees reduced in two similar class actions.

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Clive Palmer’s mine would cause ‘life terminating harm’, court finds

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A court has rejected the plans of a Clive Palmer-owned mining company to dig a coalmine in central Queensland, finding the mine would infringe on the human rights of First Nations people and future generations of Queenslanders, and contribute to “foreseeable and preventable life terminating harm”.

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Payday lender resists ASIC push for injunction, citing fear of contempt

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Payday lenders BHF Solutions and Cigno are fighting ASIC’s bid for an injunction barring them from breaching consumer credit laws, with BHF claiming it should not be exposed to contempt.

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